Hackers Steal €100M From Crédit Mutuel Arkéa Through Supplier Platform
Hackers stole around €100 million from Crédit Mutuel Arkéa through a supplier platform. Customer funds were unaffected, and recovery efforts continue.
French banking group Crédit Mutuel Arkéa is working to recover money stolen through fraudulent transfers from its own account after attackers gained access through a service provider’s platform. Reuters reported on November 5 that the bank estimated the theft at around €100 million, while the final financial impact remains under assessment.
The bank said customer funds were unaffected, although some transfers were delayed while it contained the incident. Some stolen funds had been blocked, and efforts to recover additional money were continuing.
A subsequent update came on November 6, when Daniel Baal, president of the Confédération nationale du Crédit Mutuel, told France 5 that part of the money had been recovered. He did not disclose how much.
Attackers Used the Bank’s Own Account
In its November 4 statement,...
Copyright of this story solely belongs to hackread.com. To see the full text click HERE
